Planning Personal Finance - Assignment Example

Only on StudentShare

Extract of sample
Planning Personal Finance

800 Cash outflow towards mortgage and insurance for the 2 additional months is (400+50) x 2 = ? 900 This offer is effectively lower than the base option by ? 100 For the offer of ? 265,500 with a moving date of 4 months, Cash inflow from higher offer is (265,500 – 263,200) = ? 2,300 Cash outflow towards mortgage and insurance for the 3 additional months is (400+50) x 3 = ? 1,350. This offer is higher than the base option by ? 950 Kyle and Helen should therefore accept the offer of ? 265,500 with a moving date of 4 months. 2. From the data presented in the case study, Kyle is not a stock market investor and holding the shares for sentimental reasons runs the risk of the value of those shares continuing to lose value. Kyle received the shares at no cost and any price that he gets is to be regarded as a profit. The recent fall in price of the stock is only a notional or paper loss. If Kyle can do an analysis of the distillery industry and the position of the local distillery company, he may be able to draw some conclusions on whether the dip in price is temporary or part of a long term trend. He can also get advice from a stock broker. His target should, however, be to sell the shares immediately or as soon as possible. Kyle may be liable to pay capital gains tax on the sale value if the price at which he sells is higher than the market price of the shares on the date he inherited them. ...Show more

Summary

1. The base option for Kyle and Helen is the offer of £ 263,200 where the sale of their old house is simultaneous with the move to their new house. …
Author : devon65
Save Your Time for More Important Things
Let us write or edit the assignment on your topic
"Planning Personal Finance "
with a personal 20% discount.
Grab the best paper

Related Essays

Personal Financial Planning
Jeff needs to be very careful to use the money in such a way that he may fulfill his plans after retirement. Obviously he would like to use his money to earn some profit on it. The financial institutions are there to help such people.
10 pages (2500 words) Essay
International Financial Management
This article will attempt to xplore the subject of international financial management under the following divisions: international financial markets; foreign currency risks and types; exposure to foreign exchange rate risk; exposure to interest rate risk; foreign direct investment and its management; multinational capital budgeting.
12 pages (3000 words) Essay
Finance and Accounting Essay: Personal Finance
This segment of the paper would detail the key facts upon which the strategies for the financial planning for Ms Joan Waterson are based. The Statement of Advice is based on the information that was obtained from Ms Joan Waterson about her. The identification of the current situation of Ms Waterson is crucial because that would determine whether the recommended strategies are appropriate, in the light of her personal situation, needs or objectives.
12 pages (3000 words) Essay
Personal Finance in Different Countries
Simply put, this type of finance pertains to all decisions that will be helpful for the family and individual in making investments and savings as well as good personal budget. This is categorized into life insurance, personal budget, student loans, credit card debt and retirement planning.
5 pages (1250 words) Essay
Personal finance: Life cycle aproach
It is also a tool explaining consumers’ patterns, which are crucial in financial budgeting. Knowledge of the patterns associated customers helps the business in avoiding unviable investments (Shaw & Schaubroeck 2003). It makes a company offer services that attracts spending when the customer is at the spending stage and navigate together with the customer’s need in future.
3 pages (750 words) Essay
Personal Finance
The notion of personal financial management is considered to be crucial with regard to managing the funds in a family. The related theory of this notion is further considered to be grounded on the supposition that a family functions similar to a management system and being a throughput poses an influence on the factor of satisfaction.
3 pages (750 words) Essay
PERSONAL FINANCE
Philip is 52 years and Belinda are 45 years, and they are blessed with two children: Barry aged 14 and Gavin aged 12. Philip is employed in IT role by a local authority where has worked for the past 12 years while Belinda is s state primary school teacher.
8 pages (2000 words) Essay
Private equity investment: future scope in European region
Almost all industries are developing by keeping pace with the rapid technological changes that are occurring in the era of globalisation. Many new industries are emerging and require a huge amount of financial support for their development. This paper looks into the future scope of private equity firms in Europe in the light of their growth opportunities.
6 pages (1500 words) Research Proposal
Personal financial planning report for Ms Lucy Hargreaves
to our latest meeting, I have immense pleasure here in to enclose a report that will form the basis of your financial planning. The report aims to analyse your current state of affairs and then based on that the report will construct relevant immediate and long term financial objectives.
10 pages (2500 words) Essay
The Role of Safeguards in Strengthening Independence
The sovereignty of auditors are hampered by many of the factors against safeguards can be taken so that the audit performed is free from biasness. Audit independence is necessary for the auditors in order to ensure that the objectives of the auditors are satisfied.
4 pages (1000 words) Essay
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT